South Korean Shipping Line, Hyundai Merchant Marine (HMM) recently announced the three shipbuilding companies that will build their new fleet of eco-friendly vessels. These new vessels will fulfil their ‘Capacity of 1 Million TEU’ strategy.

HMM sent out a Request for Proposal (RFP) to the shipbuilding industry on April 10th 2018, HMM has shown great diligence when considering all the conditions such a high profile projects such as delivery date and price of new ships suggested by shipbuilders.

After some thorough deliberation, HMM chose three companies and duly signed a Letter of Intent for 20 new vessels.

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